COKE News & Events

Coca-Cola Consolidated announced a $90M investment in a new 400,000-square-foot distribution and warehouse facility, and two 15,000 square-feet buildings to house equipment repair services and fleet maintenance in Columbus, Ohio. The new 60-acre campus is part of the Rickenbacker Industrial Center located on Rohr Road. Through innovative sustainability processes, new technology, and designated learning center, the facility can better serve customers, the Columbus community and the surrounding region. "The investment we've made here in Columbus is evidence of our focus on growth in Columbus," said Sam Meiner, VP, Mid-West Market Unit at Coca-Cola Consolidated. "This commitment to our teammates and production capabilities is a long-term dedication to improving how we serve the world's best brands and flavors to our communities and the people of Ohio." The Columbus-based warehouse will handle more than 16 million cases of product a year and on average, about 75,000 cases a day. The investment has resulted in 35 additional hires, boosting overall employment to 360 teammates.

Coca-Cola Consolidated announced that its board approved a 10-for-1 split of the company's common stock and Class B common stock. The stock split is subject to stockholder approval of an amendment to the company's restated Certificate of Incorporation to effect a 10-for-1 forward stock split of the company's common stock and Class B Common Stock and to proportionally increase the number of authorized shares of common stock and Class B common stock to accommodate the stock split. The company intends to seek stockholder approval for the amendment at its upcoming annual meeting of stockholders on May 13. If the amendment is approved, stockholders of record as of May 16 will receive nine additional shares for each share of common stock or Class B common stock held. Additional shares will be distributed to stockholders of record on or about May 23. The company's shares are expected to begin trading on a split-adjusted basis on or about Tuesday, May 27.

Coca-Cola Consolidated announced that Executive Vice President and CFO Scott Anthony, will retire effective March 31, 2025. Mr. Anthony has served as the Company's CFO since 2018. The Company announced that Matthew Blickley will assume the role of Executive Vice President and CFO, effective April 1, 2025. Blickey joined Coca-Cola Consolidated in 2014 and currently serves as Senior Vice President, Financial Planning and Chief Accounting Officer. He will continue to serve as the Company's Chief Accounting Officer following this change.